It's no pipe dream: XCOR is busy building the Lynx, its suborbital commercial spacecraft, which will take off and land like a conventional plane, but offer a cruising speed of Mach 3.5, 62 miles above the ground.

As it moves toward its first test flights in early 2013, XCOR has built a full-scale mockup of the Lynx, which it brought to last week's International Symposium for Personal and Commercial Spaceflight, in New Mexico.

The Lynx seats only two, and is a stepping stone to a future vehicle that will make point to point space travel a reality.

The design is not final yet, COO Andrew Nelson says. But it's the best look yet at the craft that could make point to point travel in space a reality, and send passengers from New York to Tokyo in an hour and a half.

This is the rendering XCOR created of the Lynx.

XCOR Aerospace

XCOR is already booking 'up and down' flights, for $95,000 a pop.

XCOR Aerospace

Last week, it successfully fired the Lynx's engine.

XCOR Aerospace

The goal of the model is to give an accurate representation of what the Lynx will look like once it's fully built.

XCOR Aerospace

COO Andrew Nelson says it's about 95 percent accurate.

XCOR Aerospace

The Lynx's fuselage is already built, and its avionics are largely set.

XCOR Aerospace

This mockup of the cockpit actually represents a design that is several months old. The cockpit is currently being built.

XCOR Aerospace

Nelson tests out how the seat feels, and where the pilot will put his elbows.

XCOR Aerospace

That's what he calls the 'human factor' — little things like making sure the buttons are within reach.